Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said.

"It's not happening," the source told Reuters on Thursday, responding to media reports that Temasek is one of the potential investment partners Silver Lake has tapped to join.

A second source aware of Temasek's strategy said a company like Dell does not fit into the firm's investment themes. Temasek's four themes are Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages and Emerging Champions.

"If you look at the themes, whether it is the growing middle income class or transforming economies, Dell is not an obvious thing for (Temasek) to look at," the source said.

Of Temasek's S$198 billion ($162 billion) portfolio, about 70 percent of investments are in Asia.